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South Africa opens freight rail network to private firms | SA News

A Transnet logo stands on a rail mounted gantry crane, manufactured by Terex Corp., at the Port of Durban, operated by Transnet SOC Holdings Ltd.’s Ports Authority, in Durban, South Africa, on Friday, May 25, 2018. Transnet last year reduced its seven-year capital-investment plan by 17 percent to 229.2 billion rand in response to lower-than-anticipated freight demand. Photographer: Waldo Swiegers/Bloomberg via Getty Images

JOHANNESBURG, Aug 22 (Reuters) – South Africa’s government said on Friday it will allow private firms to run trains on its freight rail network, aiming to boost efficiency as state-owned logistics firm Transnet struggles to keep up with demand.

Transnet, which…

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